https://www.taxtmi.com/caselaws?id=306211 The appeal by the Revenue against the deletion of an addition under compensatory afforestation expenses and the treatment of NPV as capital expenditure was dismissed. The CIT(A) and Tribunal held that the expenses did not create enduring assets and that compensatory afforestation is revenue in nature. Additionally, the treatment of closing stock for the subsequent year was upheld based on previous rulings. The Tribunal found no infirmity in the decisions and dismissed the Revenue's appeal due to lack of material to counter the findings. en-us Fri, 27 May 2011 00:00:00 +0530 Tue, 17 Jan 2023 12:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306211 The appeal by the Revenue against the deletion of an addition under compensatory afforestation expenses and the treatment of NPV as capital expenditure was dismissed. The CIT(A) and Tribunal held that the expenses did not create enduring assets and that compensatory afforestation is revenue in nature. Additionally, the treatment of closing stock for the subsequent year was upheld based on previous rulings. The Tribunal found no infirmity in the decisions and dismissed the Revenue's appeal due to lack of material to counter the findings. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306211